{"id":21442,"date":"2023-06-12T07:31:09","date_gmt":"2023-06-12T11:31:09","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/4-big-deal-reports-trinet-stock-soars-on-word-of-potential-sale\/"},"modified":"2023-06-12T07:31:10","modified_gmt":"2023-06-12T11:31:10","slug":"4-big-deal-reports-trinet-stock-soars-on-word-of-potential-sale","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=21442","title":{"rendered":"4 big deal reports: TriNet stock soars on word of potential sale"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. <\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p dir=\"ltr\">Here is your Pro Recap of 4 head-turning deal dispatches you may have missed this week: TriNet considers a sale, merger deals at Network International\/Brookfield, Circor\/KKR, and Optum\u2019s unsolicited offer to Amedisys.<\/p>\n<p dir=\"ltr\">InvestingPro subscribers got this news before anyone else. Start your 7-day trial to get on board.<\/p>\n<h2 dir=\"ltr\"><strong>TriNet soars on sale rumors<\/strong><\/h2>\n<p dir=\"ltr\">Trinet (NYSE:) shares jumped more than 9% on Friday after Reuters reported that the online payroll services provider is considering selling the company, citing sources familiar with the matter.<\/p>\n<p dir=\"ltr\">According to the report, the company is in discussions with potential buyers, in collaboration with investment bank Morgan Stanley. However, both TriNet and Morgan Stanley declined to comment on the matter.<\/p>\n<p dir=\"ltr\">Last month, Needham initiated coverage on TriNet with a Buy rating and a price target of $115.00.<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" title=\"InvestingPro | Always Know First\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/picb61797ba628bc372213e3de11bc4549c.jpg\" alt=\"InvestingPro | Always Know First\"><\/p>\n<h2 dir=\"ltr\"><strong>Brookfield buys Network International for $3.7 billion<\/strong><\/h2>\n<p dir=\"ltr\">Network International Holdings (LON:) shares gained more than 5% following the announcement, according to which Brookfield (NYSE:) will acquire the leading credit card processor in the Middle East and Africa for $3.7 billion (\u00a32.2B), as InvestingPro reported in real time. The acquisition is expected to close in Q3\/23.<\/p>\n<h2 dir=\"ltr\"><strong>Amedisys surges on unsolicited offer from Optum amid existing deal with Option Care Health<\/strong><\/h2>\n<p dir=\"ltr\">Shares of Amedisys (NASDAQ:) rose over 15% on Monday after revealing an unsolicited offer from Optum to purchase all of Amedisys&#8217; common stock in an all-cash deal at $100 per share. This comes after Amedisys already agreed to a merger with Option Care Health (NASDAQ:), as announced on May 3, 2023.<\/p>\n<p dir=\"ltr\">Amedisys&#8217; Board is evaluating Optum&#8217;s proposal while adhering to the terms of the merger agreement with Option Care Health and has not deemed Optum&#8217;s proposal to be a &#8220;Superior Proposal&#8221; as defined in the existing agreement.<\/p>\n<p dir=\"ltr\">Discussions with Optum are ongoing, but there&#8217;s no guarantee they&#8217;ll result in a transaction. The Amedisys Board\u2019s recommendation in favor of the merger agreement with Option Care Health and the merger with Option Care Health continues to be in effect.<\/p>\n<p dir=\"ltr\">OPCH shares gained more than 7% this week.<\/p>\n<h2 dir=\"ltr\"><strong>Circor stock jumps on KKR&#8217;s $1.6B acquisition announcement <\/strong><\/h2>\n<p dir=\"ltr\">CIRCOR International (NYSE:) shares jumped around 50% on Monday after it was announced that the global investment giant KKR &amp; Co (NYSE:) will acquire all shares of Circor for $49 per share in cash.<\/p>\n<p dir=\"ltr\">The transaction is expected to close in Q4\/23. Assuming the completion is successful, Circor will transition to a privately-held company, wholly owned by KKR\u2019s investment funds.<\/p>\n<p dir=\"ltr\">Jump on the biggest news for your portfolio amid a barrage of market headlines: Always be the first to know with InvestingPro.<\/p>\n<p dir=\"ltr\">Start your free 7-day trial now.<\/p>\n<p><img decoding=\"async\" title=\"InvestingPro | Be The First To Know\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/pic28434426c29450175fc121fcd6b516f6.png\" alt=\"InvestingPro | Be The First To Know\"><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/4-big-deal-reports-trinet-stock-soars-on-word-of-potential-sale-3102545\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Here is your Pro Recap of 4 head-turning deal dispatches you may have missed this week: TriNet considers a sale, merger deals at Network International\/Brookfield, Circor\/KKR, and Optum\u2019s unsolicited offer to Amedisys. InvestingPro subscribers got this news before anyone else. Start your 7-day trial to get on board. TriNet soars on sale rumors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-21442","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 big deal reports: TriNet stock soars on word of potential sale | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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